1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eddi Din [679]
3 years ago
9

For the current year, a business has earned (but not recorded or received) $200 of interest from investments. Demonstrate the re

quired adjusting entry by completing the following sentence. The required adjusting entry would be to debit the ___________ (Unearned revenue/Accounts receivable/Cash/Interest receivable) account and __________ (debit/credit) the __________ (Cash/Accounts receivable/Interest revenue/Interest receivable) account.
Business
1 answer:
uysha [10]3 years ago
7 0

Answer:

Explanation:

The adjusting journal entry is shown below:

Interest receivable A/c Dr $200

    To Interest revenue A/c         $200

(Being the interest earned is recorded)

Since the interest would not be received but it is earned so we debited the interest receivable account and credited the interest revenue account.

The other accounts which are given in the brackets are wrong.

You might be interested in
If sales are $904,000 in 2019 and this represents a 13% increase over sales in 2018, what were sales in 2018?
Allisa [31]
<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>
3 0
3 years ago
Read 2 more answers
Rent control is an example of a _____________________. it sets the price of rent __________________ the equilibrium price and re
Shtirlitz [24]

Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.


Answer is "D".


Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.


8 0
3 years ago
The way the bank determines the balance on which to calculate your interest is known as _____.
neonofarm [45]
The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D. 
4 0
3 years ago
Read 2 more answers
[The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated Janu
Rasek [7]

Answer:

a.

Date          Account Details                                  Debit                       Credit

                 Cash                                                $27,000

                 Common Stock                                                                 $27,000

b.

Date          Account Details                                  Debit                       Credit

                 Land                                                 $9,000

                  Notes Payable                                                                  $9,000  

c.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                           $18,000

                 Cash                                                                                 $2,000

                 Notes Payable                                                                 $16,000

d.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                               $800

                 Cash                                                                                    $800

e. This does not require a journal entry as it is a personal transaction.

3 0
3 years ago
Compute the future value of $1,900 continuously compounded for: a. 7 years at an annual percentage rate of 8 percent. (Do not ro
saul85 [17]

Answer:

$14,407.72

$10,604.64

$15,979.32

Explanation:

The formula to be used is :

FV = PV x е^r x N

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

$1,900 x e^0.08 x 7 = $14,407.72

$1,900 x e^0.11 x 5 = $10,604.64

$1,900 x e^0.05 x 8 = $15,979.32

5 0
2 years ago
Other questions:
  • Ty lives in an apartment building and gets a benefit from playing his stereo. Olivia, who lives next door to Ty and often loses
    14·1 answer
  • as Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than
    14·1 answer
  • Mary is a new supervisor working with a preexisting staff that has resisted many of the new policies she has put into place. Mar
    5·1 answer
  • Cargo, such as trucks, that cannot be containerized because it is too large and won't fit in a traditional container or because
    10·2 answers
  • Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of
    12·1 answer
  • A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m
    8·1 answer
  • HELP PLEASE NOW!!!!!List the four stages of ability development. Provide an example of a person developing a specific ability. W
    6·1 answer
  • Mistakes made by staff are affecting overall efficiency, so you have contacted the local community college to inquire about cust
    12·1 answer
  • Two countries, cadmia and palladia, have formed a free trade agreement. this has resulted in cadmia importing sugar from palladi
    5·1 answer
  • Pina Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each emplo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!